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Technology and Innovation


Technology and innovation is changing the nature of financial markets. Innovation can create opportunities, enhance efficiencies, increase competition, drive scale, and improve the reach and value of financial products and services to consumers. However, with innovation also comes risk.

Much attention is currently placed on the development of new technologies, business models and on creating the regulatory space for these models to encourage and facilitate innovation whilst protecting consumers to support both market development and consumer protection.

Our work explores the benefits and risks of technology and innovation across Africa and Latin America. We work to understand, map and support the various drivers for inclusive innovation, including the development of sustainable and welfare-enhancing products.

The Latest in Technology and Innovation

Insurance regulation and innovation: An assessment of 8 African insurance markets
To support regulatory authorities in sub-Saharan Africa in promoting inclusive insurance market development, there is a need to strike a balance [...]
The potential of CBDCs for financial inclusion
Will CBDC solve your financial inclusion woes or further exclude the vulnerable?   Central bank-backed digital currency (CBDC) may alleviate [...]
Impamvu dukwiriye gushakira inyito mu Kinyarwanda amwe mu magambo y’ikoranabuhanga
Abamenyereye iby’ ikoranabuhanga cyane bazakubwira ko hari amagambo menshi usanga akoreshwa muri urwo rwego, udapfa gusanga mu kiboneza-mvugo [...]
CBDC for emerging markets: realities and expectations
Cenfri has deepened its work on CBDC amid growing interest from central banks Central Bank Digital Currency (CBDC) has emerged as a key [...]
Building a data skills foundation is necessary to achieve meaningful digitalisation
One of the reasons so much emphasis is placed on digitalisation is that people hope digital technology will solve common, but hereto unresolved, [...]
Applying a gender lens to trade finance
Small and medium enterprises (SMEs) are considered engines of economic growth and development, especially in developing economies, yet they continue [...]
Open finance: Prerequisites and considerations for fit-for-context implementation in Africa
  Data is a powerful enabler of innovation: It helps financial service providers (FSPs) to better understand and serve consumers, as well as [...]
Practice what you preach: Giving consumers a say in consumer protection
New and proposed financial regulations, such as South Africa’s Pension Funds Amendment Bill, often make headline news because of their [...]
Digitalizing farm to table supply chains in Asia
On-demand transport services and insurtech  Whether as a customer or a business, digital platforms that connect people and services are [...]
Guidance on start-up support in Ethiopia
Recommendations to support digital start-ups Cenfri supported Digital Financial in producing a technical guide on the creation of a fund to support [...]